AlphaQuest LLC Grows Holdings in Intuitive Surgical, Inc. $ISRG

Key Points

• AlphaQuest LLC significantly increased its holdings in Intuitive Surgical by 519.2%, acquiring a total of 1,839 shares valued at approximately $999,000 as of its latest SEC filing.
• Despite the recent increase in institutional investments, analysts have mixed ratings on Intuitive Surgical, with targets ranging from $450.00 to $685.00, and an average price target of $602.32.
• Intuitive Surgical reported an earnings per share (EPS) of $2.40 for the last quarter, beating estimates by $0.41 and showing a revenue growth of 22.9% year-over-year.

AlphaQuest LLC lifted its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 519.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,839 shares of the medical equipment provider's stock after buying an additional 1,542 shares during the quarter. AlphaQuest LLC's holdings in Intuitive Surgical were worth $999,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC grew its position in Intuitive Surgical by 24.9% during the 4th quarter. Brighton Jones LLC now owns 3,672 shares of the medical equipment provider's stock valued at $1,916,000 after purchasing an additional 731 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Intuitive Surgical by 9.3% during the 1st quarter. GAMMA Investing LLC now owns 6,115 shares of the medical equipment provider's stock valued at $3,029,000 after acquiring an additional 518 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of Intuitive Surgical by 0.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 8,587 shares of the medical equipment provider's stock valued at $4,253,000 after acquiring an additional 27 shares during the last quarter. Diversified Trust Co boosted its holdings in shares of Intuitive Surgical by 23.2% during the 1st quarter. Diversified Trust Co now owns 5,401 shares of the medical equipment provider's stock valued at $2,675,000 after acquiring an additional 1,018 shares during the last quarter. Finally, Transcend Capital Advisors LLC boosted its holdings in shares of Intuitive Surgical by 2.3% during the 1st quarter. Transcend Capital Advisors LLC now owns 2,696 shares of the medical equipment provider's stock valued at $1,335,000 after acquiring an additional 61 shares during the last quarter. 83.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $685.00 price target on shares of Intuitive Surgical in a report on Tuesday. Erste Group Bank reaffirmed a "hold" rating on shares of Intuitive Surgical in a report on Wednesday, July 23rd. Zacks Research downgraded shares of Intuitive Surgical from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 20th. Evercore ISI dropped their price target on shares of Intuitive Surgical from $535.00 to $450.00 and set an "in-line" rating on the stock in a report on Tuesday, October 7th. Finally, Raymond James Financial set a $603.00 price objective on shares of Intuitive Surgical and gave the stock an "outperform" rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $602.32.

Intuitive Surgical Trading Down 0.9%

NASDAQ ISRG opened at $546.51 on Friday. Intuitive Surgical, Inc. has a 12 month low of $425.00 and a 12 month high of $616.00. The stock has a market cap of $195.91 billion, a price-to-earnings ratio of 72.29, a PEG ratio of 5.45 and a beta of 1.61. The company's 50 day moving average is $458.09 and its two-hundred day moving average is $497.29.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last released its earnings results on Tuesday, October 21st. The medical equipment provider reported $2.40 EPS for the quarter, topping analysts' consensus estimates of $1.99 by $0.41. The company had revenue of $2.51 billion for the quarter, compared to analysts' expectations of $2.41 billion. Intuitive Surgical had a net margin of 28.58% and a return on equity of 15.08%. The firm's revenue was up 22.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.84 EPS. Sell-side analysts forecast that Intuitive Surgical, Inc. will post 6.43 EPS for the current year.

Insider Activity at Intuitive Surgical

In other news, Director Amy L. Ladd sold 335 shares of Intuitive Surgical stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $440.69, for a total transaction of $147,631.15. Following the sale, the director owned 739 shares in the company, valued at $325,669.91. This trade represents a 31.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Gary S. Guthart sold 29,360 shares of Intuitive Surgical stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $472.49, for a total transaction of $13,872,306.40. Following the sale, the insider owned 19,827 shares in the company, valued at approximately $9,368,059.23. The trade was a 59.69% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,724 shares of company stock worth $19,500,332. Company insiders own 0.70% of the company's stock.

About Intuitive Surgical

Intuitive Surgical, Inc develops, manufactures, and markets products that enable physicians and healthcare providers to enhance the quality of and access to minimally invasive care in the United States and internationally. The company offers the da Vinci Surgical System that enables complex surgery using a minimally invasive approach; and Ion endoluminal system, which extends its commercial offerings beyond surgery into diagnostic procedures enabling minimally invasive biopsies in the lung.

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